Rupert Murdoch is one of the towering figures of business history, and, in keeping with his chosen field of media, an unusually articulate one.
Now 77, Murdoch seems to be feeling a bit valedictory (even as he is probably scheming to add the New York Times to his domain). The Australian Broadcasting Corp. recently broadcast a series of six lectures by Murdoch called A Golden Age of Freedom that are well worth the listening, or reading, since transcripts are available.
Rupert Murdoch beholds a period of great transformation that will bring prosperity to billions around the world. This golden age of freedom will unleash a new global middle class. Markets, media and technology will all play their part.
But to reap the rewards we must make some drastic changes. A ballooning welfare state, failing state schools and full reconciliation among all Australians head his list.
Thanks to Coop's Corner.